Company provides energy to those in Tanzania and Rwanda

Impact bonds |

Praxis Mutual Funds is invested in providing clean energy to thousands

Off Grid Electric's mission is to power the world with clean, transformative energy in the next decade. This innovative new technology is provided at about the same cost or lower cost than the customers’ average energy bills.

Off Grid’s system powers more lighting and appliances than the equivalent amount of traditional power. By replacing kerosene usage with powerful LEDs, families can enjoy light from lamps without the risk of harmful particles in the air or the risk of fire.

Rural African village

The company is connecting 50,000 people per month in Tanzania and Rwanda with electricity. It provides an energy ecosystem that combines the world's most efficient LED lights and appliances to optimize the energy output from solar panels.

Not only is Off Grid providing many with power, but it’s dedicated to providing steady employment for locals. Nearly 40 jobs per month have been filled through its recruitment service, Off Grid Academy. 

Praxis Mutual Funds® supports organizations such as Off Grid Electric through investments in Calvert Impact Capital, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1 percent of each of its funds to benefit neighborhoods and individuals through community development investments.

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Author

Sandra Camarillo
Marketing Intern

Impact Bond Fund

At Praxis, our investments generate a competitive financial return and deliver a clear and direct benefit to people and our planet.

 

Learn about positive investing See the list of holdings for the Praxis Impact Bond Fund